Property Overview: 555 Henderson Highway, Winnipeg
Section 1: Key Characteristics & Appeal
This home, built in 1945, presents a solid value proposition rooted in its space and location. With 1,290 sqft of living area, it offers significantly more interior space than most homes in the immediate Munroe West area, ranking in the top 8%. This makes it a notably roomier option within its local market. The assessed value of $275k is very typical for the neighbourhood, suggesting a fair and stable pricing environment without the premium often found in newer city-wide developments.
The appeal lies in this balance of ample living space at a neighbourhood-average price. It suits practical buyers looking for a comfortable home without overpaying for the postage-stamp lots common in newer subdivisions. The lot size, while smaller than others on Henderson Highway, is average for Munroe West, indicating a lower-maintenance yard—a plus for those seeking less outdoor upkeep. This property would likely attract first-time homeowners, downsizers wanting single-level living (assuming bungalow style), or value-focused investors seeking a rental property with strong fundamentals in a established community. A thoughtful perspective is that its "average" metrics for value and year built in the area suggest a home that hasn't been subject to volatile price swings, offering a sense of predictability.
Section 2: Frequently Asked Questions
1. How does this home's value compare to recent sales?
Based on available data, the last known sale was in June 2021, within the $250k-$300k range. At that time, this sale price performed better than 61% of comparable sales on its street and 57% in the Munroe West area, indicating it was a strong purchase within its local context.
2. Is the lot size a disadvantage?
While the lot is below average for Henderson Highway itself, it is perfectly typical for the wider Munroe West neighbourhood. This likely means a more manageable yard for maintenance, which can be an advantage for many buyers, though it may offer less privacy or expansion potential than larger lots on the street.
3. What does the age of the home mean for me?
Built in 1945, the home is older than most in Winnipeg. This typically means potential for character but also necessitates a diligent inspection for the condition of major systems like plumbing, electrical, and the foundation, which may be original or nearing the end of their service life.
4. Why is the city-wide assessed value ranking lower?
The assessed value ranks in the top 77% city-wide, meaning it's below the Winnipeg average. This primarily reflects the home's location in a more affordable area compared to newer or higher-priced suburbs, not necessarily the condition of the home itself. It highlights the property's relative affordability within the broader city.
5. How can I get precise historical sale prices?
The displayed sold prices are estimated ranges from public records. To obtain the exact sale figures and a full transaction history, you must request a manual lookup from the site via email, as they do not have access to or display MLS sold data.